Some Americans have already paid their Social Security benefits for this year. Here’s why.
The Social Security program is funded by a payroll tax. Specifically, the government imposes a 12.4% payroll tax to fund retirement benefits. The government also imposes a 2.9% tax to fund Medicare. Self-employed people pay these amounts entirely themselves, while…
Why many American seniors have to work in retirement
St. Petersburg, Florida — Larry Gesick, a 77-year-old electrician by trade, leaves his house at 5:30 a.m. and heads to his part-time job unloading trailers at a St. Petersburg, Fla., supermarket for $14.75 an hour. It certainly wasn’t part of…
3 reasons why I still invest for retirement
Last week was not a good one for stocks, and given the recent sell-off, many people I know are concerned about the impact on their retirement accounts. I admit that curiosity got the better of me, so I too took…
New 401(k) rules allow withdrawal of cash from retirement funds
401k, IRA: How to choose the best retirement plan for you There are many different retirement plans available – traditional IRA, Roth IRA, 401k. Here’s how to choose the plan that will help you reach your goals. Need $1,000 to…
Watch these seniors learn the new Olympic sport of breakdancing
Watch these seniors learn the new Olympic sport of breakdancing 100 senior citizens take part in a breakdancing performance at an event at a care home in Framlingham, UK. USA Today A group of 100 seniors put aside their ballroom…
Why many American seniors have to work in retirement
St. Petersburg, Florida — Larry Gesick, a 77-year-old electrician by trade, leaves his house at 5:30 a.m. and heads to his part-time job unloading trailers at a St. Petersburg, Fla., supermarket for $14.75 an hour. It certainly wasn’t part of…
Montana Tech Chancellor Les Cook retires
MISSOULA, Mont. — Montana Tech Chancellor Les Cook announced Wednesday that he will retire at the end of the 2025 academic year. Cook has been involved in higher education for four decades and has been chancellor of Montana Tech since…
